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Crude Oil Prices

Govt increases prices of all petroleum products

ISLAMABAD: The federal government has revised prices of all petroleum products upward for the month of November in an announcement on Wednesday.  A notification of the petroleum ministry said the fuel prices have been increased to keep up the trend of hike in crude oil prices in the global market. The petroleum ministry has enhanced the price of light diesel oil (LDO) by Rs three per litre and that of kerosene oil by Rs 5.19 per litre. The price of high-speed diesel (HSD) has been hiked by Rs 5.19 per litre and petrol…

Oil and gold prices rise after US airstrikes in Syria

The oil and gold prices have reportedly surged in global market in wake of recent United States airstrikes at a Syrian airbase on Friday, ARY News reported. The economists opined that the rise was followed by the toughest airstrikes by US that had heightened geopolitical uncertainty in the Middle-East. Both in Asian and European markets, a three percent rise has been recorded in the prices of crude oil which reach to 53.24 USD/barrel. Meanwhile, the gold prices rose by 16.50 USD/ounce after investors turned towards…